Word: burlington
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...Escalator. The autoworkers were not the only ones. Burlington Mills upended the textile industry (and took the starch out of a union-organizing drive) by voluntarily adding 8? an hour to pay envelopes in 75 plants through the South and East. General Electric settled its siege with the C.I.O.'s International Union of Electrical Workers (see cut) for a 10? raise and a cost-of-living clause riding on a one-way escalator: if living costs went up, so would pay, but if costs went down, wages would stay up. I.U.E.'s archrival, the Communist-line United Electrical...
Over the 37 miles from Chicago to Aurora, Ill., the Chicago, Burlington & Quincy Railroad hauls some 15,000 commuters a day. Some cars are half a century old, draughty in winter, hot and sooty in summer. Last week the Burlington served up a pleasant surprise: it rolled out three new stainless steel, 148-passenger, double-decker cars, the first of 30 being built by Philadelphia's Budd Co. at a cost of $152,000 each. With them, and 70 modernized conventional cars, the Burlington hopes to wean many a new customer from the highways, put its money-losing commuting...
Supplying money-making equipment to railroads is an old story to the Budd Co., which sold the first stainless steel streamliner, the Pioneer Zephyr, to the Burlington in 1934. Since World War II the company has sold some $115 million of railroad equipment, gained such a fat share of the market that it is now second only to Pullman as a railroad passenger-car builder. With the help of this booming sideline (Budd gets 83% of its revenue by making auto bodies, wheels, brakes), the company rolled up $137 million in sales for the first six months of 1950, boosted...
Between bouts with Russia's Jacob Malik, Chief U.S. Delegate to the U.N. Warren Austin hurried off to Burlington, Vt, put on the proper uniform (including a frayed shirt and striped galluses) for an inspection tour of his ripening apple orchard...
Vermont: Harold F. Ordway, M.B.A. '33; 20 So. Willard St., Burlington...